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New Construction Homes Under $500K in Phoenix, AZ

298 Homes

Under Construction

From $472,374

3 Br | 2.5 Ba | 2 Gr | 1,509 sq ft Hot Deal

4514 S Nageli. Mesa, AZ 85212

Landsea Homes

Under Construction

From $382,500

4 Br | 2 Ba | 2 Gr | 2,007 sq ft Hot Deal

2532 N Franz Ln. Casa Grande, AZ 85122

Costa Verde Homes

From $324,990

4 Br | 2 Ba | 2 Gr | 1,956 sq ft

Plan 1956 | Maricopa, AZ

KB Home

4.3

From $498,990

3 Br | 2 Ba | 3 Gr | 1,972 sq ft Hot Deal

Aries | Peoria, AZ

Mattamy Homes

From $479,990

3 Br | 2 Ba | 3 Gr

Hacienda Series - Crimson | Goodyear, AZ

Brightland Homes

From $314,990

3 Br | 2 Ba | 2 Gr | 1,585 sq ft Hot Deal

Plan 1 | Maricopa, AZ

Century Communities

From $436,950

3 Br | 2.5 Ba | 2 Gr | 2,016 sq ft

Amber | Waddell, AZ

Elliott Homes

Under Construction

From $449,990

3 Br | 2 Ba | 2 Gr | 1,760 sq ft

3182 N 199Th Dr. Buckeye, AZ 85396

Lennar

4.2

Under Construction

From $319,990

3 Br | 2 Ba | 2 Gr | 1,585 sq ft Hot Deal

19370 N Diego Way. Maricopa, AZ 85138

Century Communities

From $392,990

4 Br | 2 Ba | 2 Gr | 1,496 sq ft

Sierra | Surprise, AZ

Meritage Homes

From $386,990

3 Br | 3 Ba | 2 Gr | 2,162 sq ft Hot Deal

Antelope | Surprise, AZ

Landsea Homes

From $408,990

3 Br | 2 Ba | 2 Gr | 1,560 sq ft

Leslie | Surprise, AZ

Meritage Homes

Under Construction

From $475,520

3 Br | 2.5 Ba | 2 Gr | 2,016 sq ft

8577 N 175Th Lane. Waddell, AZ 85355

Elliott Homes

Under Construction

From $373,190

4 Br | 2 Ba | 3 Gr | 1,832 sq ft

35365 W Catalan Street. Maricopa, AZ 85138

Meritage Homes

From $426,990

4 Br | 2.5 Ba | 2 Gr | 2,340 sq ft

Yuma | Surprise, AZ

Oakwood Homes

Move-In Ready

From $441,090

4 Br | 2 Ba | 2 Gr | 1,832 sq ft

16076 W Gray Fox Trail. Surprise, AZ 85387

Meritage Homes

From $307,490

3 Br | 2 Ba | 2 Gr | 1,232 sq ft

Jerome Plan 3556 | Florence, AZ

Lennar

4.2

From $473,990

3 Br | 3 Ba | 3 Gr

Hacienda Series - Coral | Buckeye, AZ

Brightland Homes

Under Construction

From $395,066

3 Br | 2 Ba

17967 W Cielo Grande Ave. Surprise, AZ 85387

Oakwood Homes

Move-In Ready

From $448,990

4 Br | 3 Ba | 2 Gr | 2,049 sq ft

25081 N 144Th Drive. Surprise, AZ 85387

Meritage Homes

Under Construction

From $469,995

4 Br | 3 Ba | 3 Gr | 2,096 sq ft Hot Deal

17835 W Running Deer Trail. Surprise, AZ 85387

Richmond American Homes

3.6

Under Construction

From $452,995

4 Br | 3 Ba | 2 Gr | 2,075 sq ft Hot Deal

11041 W Hadley Street. Avondale, AZ 85323

Richmond American Homes

3.6

Move-In Ready

From $463,990

2 Br | 2 Ba | 2 Gr | 1,574 sq ft Hot Deal

26400 W Kimberly Way. Buckeye, AZ 85396

Del Webb

3.8

From $344,990

2 Br | 2 Ba | 2 Gr | 1,694 sq ft

Presley | Maricopa, AZ

Meritage Homes

From $285,900

3 Br | 2 Ba | 2 Gr | 1,115 sq ft Hot Deal

Amado | Red Rock, AZ

LGI Homes

4.0

From $422,990

5 Br | 4 Ba | 2 Gr | 3,131 sq ft

Eclipse | Florence, AZ

Starlight Homes

From $446,990

4 Br | 3 Ba | 2 Gr | 2,249 sq ft Hot Deal

Cantania | San Tan Valley, AZ

Pulte Homes

4.1

Under Construction

From $488,467

4 Br | 2.5 Ba | 2 Gr | 1,853 sq ft Hot Deal

4814 S Duffy. Mesa, AZ 85212

Landsea Homes

From $315,900

3 Br | 2 Ba | 2 Gr | 1,244 sq ft Hot Deal

Ash | Florence, AZ

LGI Homes

4.0

Move-In Ready

From $468,990

2 Br | 2 Ba | 2 Gr | 1,859 sq ft Hot Deal

26774 W Ponderosa Lane. Buckeye, AZ 85396

Del Webb

3.8

From $434,990

4 Br | 3 Ba | 2 Gr | 1,946 sq ft

Ironwood Plan 3518 | Goodyear, AZ

Lennar

4.2

From $396,990

3 Br | 2 Ba | 3 Gr | 1,860 sq ft Hot Deal

Citrus | Surprise, AZ

Landsea Homes

Under Construction

From $484,934

3 Br | 2.5 Ba | 3 Gr | 1,968 sq ft

21312 E Superstition Dr. Queen Creek, AZ 85142

Shea Homes

4.4

From $354,990

3 Br | 2 Ba | 2 Gr | 1,560 sq ft

Leslie | Buckeye, AZ

Meritage Homes

Under Construction

From $399,990

4 Br | 3 Ba | 2 Gr | 2,219 sq ft Hot Deal

46985 West Cansados Road Maricopa Az. Maricopa, AZ 85139

Ashton Woods

From $352,990

3 Br | 2 Ba | 2 Gr | 1,580 sq ft Hot Deal

Madera | Surprise, AZ

Landsea Homes

Move-In Ready

From $320,990

3 Br | 2 Ba | 2 Gr | 1,325 sq ft

40175 W Wade Drive. Maricopa, AZ 85138

Meritage Homes

From $417,490

5 Br | 3 Ba | 2 Gr | 1,953 sq ft

Lewis Plan 3575 | San Tan Valley, AZ

Lennar

4.2

Under Construction

From $359,990

4 Br | 2 Ba | 2 Gr | 2,137 sq ft Hot Deal

43662 W Cypress Ln. Maricopa, AZ 85138

Centex Homes

4.5

From $489,990

2 Br | 3 Ba | 2 Gr | 1,925 sq ft

Sterling | Glendale, AZ

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Market Snapshot

New Homes in Phoenix-Mesa by Region

RegionHomesAverage New Home Price
Central Phoenix 108$1,297,000
East Phoenix 270$1,727,000
North Phoenix 512$910,000
South Phoenix 300$449,000
West Phoenix 1139$511,000

Top New Home Cities in Phoenix-Mesa

CityHomesAverage New Home Price
Surprise545$478,762
Queen Creek454$634,659
Buckeye430$457,872
San Tan Valley387$476,006
Maricopa296$338,074
Goodyear277$445,376
Avondale204$471,590
Peoria189$621,824
Phoenix172$626,281
Mesa150$597,247
Litchfield Park141$513,572
Casa Grande132$319,467

Phoenix features many of the best homes builders and new construction home designs in Arizona. Finding relatively lower priced homes has become increasingly difficult. The cost of new construction in Phoenix has increased substantially. Despite the rising trend of housing prices, it is still possible to design and build an affordable home in the Phoenix area. In fact, there are 2,554 new homes for sale in Phoenix with a good selection of cheaper homes starting at under $500K.

How to Find Homes in Phoenix For Less Than $500K?

Builders see the growing demand for homes under the $500k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders use value engineering techniques to reduce the cost of construction and keep prices increasing too much. Smaller lots, standard-sized materials, and evening the pace of building can help deliver high-value for the cost. The results are delivering similar quality at lower prices.